Sunday, 24 July 2016
Last updated 1 day ago
Jul 2 2014 | 7:51am ET
Long/short corporate credit-specialist Global Credit Advisers has promoted Paul J. Accardi to chief financial officer.
In his new role, Accardi will continue to report to Brian L. Hessel, chief operating officer, chief risk officer and co-founder of GCA.
Accardi joined GCA in 2011 following two years at Shumway Capital Partners, where he most recently served as controller. Prior to Shumway, Accardi spent five years in public accounting, most recently as an asset management senior associate in Ernst & Young financial services office.
Said Hessel in a statement: “I am delighted to hand off the CFO responsibilities to Paul, who has worked tirelessly to improve the processes, controls and financial workings of our firm. Paul is a very talented financial professional who continues to enhance the value of our organization. We look forward to his continued contributions towards the success of GCA.”
Ahead of Accardi’s promotion, GCA hired Frank T. Pizzo as assistant controller in May. Pizzo joined GCA from Ernst & Young, where he was an asset management senior associate in its financial services office.
GCA is a New York-based long/short corporate credit investment manager focused on high-yield and distressed assets. GCA was founded and launched its fund in 2008. The firm has approximately $700 million in assets under management.